Cathay Pacific Airways and Dragonair parent Cathay Pacific Group blamed the relentless hike in fuel costs for a loss of HK$663 million ($85 million) in the 2008 first half, reversed from a profit of HK$2.58 billion in last year's first six months. It marked the first reporting period in which CX has posted a loss in five years, when SARS devastated the Hong Kong-based airline company, and came despite revenue rising 22% to HK$42.45 billion. Chairman Christopher Pratt said, "Global aviation ...

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